June 13, 2018 Good Morning, Corn is down one and soybeans down ten to start the day off. Mixed emotions shown to the market today between decreased stocks and more tariff news. USDA pegged stocks to use at 10.8% yesterday, which is the tightest level since 2013, this...
Good Morning, Additional technical selling in corn, beans and wheat yesterday as traders continue to unwind their long positions with good crop ratings and favorable weather. Yesterday’s weekly corn ratings dropped 1 point to 77% G/E which compares to 67% last year...
Good Morning, Favorable weekend rains across the US along with continued fund liquidation has the markets seeing red this morning. So far this morning corn is down 3, soybeans down 7 and wheat is down 4. After Fridays close the Funds were long 60,000 corn and 36,000...
Good Morning, Steady markets to start the day after a bad week for the grains. Corn has traded lower 4 days this week losing 15 cents while soybeans have traded lower all 5 days this week losing 48 cents as of 830 am. There are several factors pressuring the markets...
Good Morning, Wheat continues its run higher this morning while corn and soybeans trade 1 higher and 2 lower respectively. Weather issues in Russia and the plains of the US are supporting wheat. Meanwhile favorable US weather is pressuring US corn and soybeans....
Good Morning, Corn is up slightly this morning with technical indicators turning bullish and weather forecasts having some uncertainty in the 10-14 day range. Weather models agree that the 10 day forecasts show above average rainfall and moderate temperatures. Look...
